Birdwatch Note Rating
2023-03-11 16:09:55 UTC - HELPFUL
Rated by Participant: 81FE9D7D2F668CA266451363352D22DBEFD24221ED5A9EB621D5542E5311974D
Participant Details
Original Note:
Silicon Valley Bank collapsed due to excessive customer withdrawals, or a "run on the bank", due rising interest rates from The Fed and decreased risk tolerance from investors. No one besides Mr. Kirk, including the bank or regulators, are saying DEI efforts caused this. https://www.reuters.com/business/finance/what-caused-silicon-valley-banks-failure-2023-03-10/ https://www.theguardian.com/us-news/2023/mar/10/silicon-valley-bank-collapse-explainer
All Note Details